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Author Question: What was the Bretton Woods agreement about? Why did it break down? Briefly explain. What will be ... (Read 76 times)

wrbasek0

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on: Jun 30, 2018
What was the Bretton Woods agreement about? Why did it break down? Briefly explain.
 
  What will be an ideal response?

Question 2

Mercantilism held that
 
  A) silver alone was the mainstay of national wealth.
  B) gold alone was the mainstay of national wealth.
  C) silver and gold were the mainstays of national wealth.
  D) silver and gold are not important for national wealth of a country.
  E) labor forces were the mainstay of national wealth.


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Cnarkel

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Reply #1 on: Jun 30, 2018
Answer to Question 1

Established an international monetary system with an adjustable peg exchange rate. Countries that followed divergent policies were to adjust their exchange rate. Too often, exchange rate adjustments were postponed, encouraging large-scale speculative flows of money. It became obvious that nations were unwilling to follow similar monetary policies required to maintain fixed exchange rates.

Answer to Question 2

C


wrbasek0

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Reply #2 on: Jun 30, 2018
Thank you :)


Cnarkel

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Reply #3 on: Jun 30, 2018
Happy to help you


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